The Pakistan Digital Belongings Regulatory Authority (PVARA) held a gathering on the Prime Minister’s Workplace with a high-level delegation from the United Arab Emirates to debate advancing Pakistan’s agenda on real-world asset tokenisation.
Talks targeted on tokenising actual property, authorities belongings and future debt devices underneath a structured and controlled framework.
The assembly was chaired by PVARA Chairman Bilal Bin Saqib and attended by senior officers of the Authority in addition to representatives from the UAE-based DAMAC Group and its Dubai Monetary Providers Authority (DFSA) licensed and controlled actual property fintech platform, PRYPCO.
Members mentioned selling tokenisation as an financial instrument to activate dormant belongings, entice international and abroad Pakistani funding and improve monetary transparency, whereas emphasising that the method wouldn’t place further fiscal stress.
PVARA briefed the delegation on Pakistan’s evolving digital belongings regulatory framework, which it mentioned is designed to advertise innovation whereas making certain governance, investor safety and market transparency. Specific emphasis was positioned on the function of tokenisation in changing illiquid belongings into regulated and investable monetary devices aligned with worldwide requirements.
The UAE delegation was led by Amira Hussain Sajwani, Co-Managing Director of DAMAC Group and Chief Govt Officer of PRYPCO.
